Disney Reportedly Looking To Buy Most of 21st Century FOX

07/11/2017

Rupert Murdoch's Twenty-First Century Fox has held talks to sell most of its film and television assets to Walt Disney Co, which would gain new programming and expand its global reach, CNBCreported on Monday.

For Fox, the willingness to engage in sale talks with Disney stems from a growing belief among its senior management that scale in media is of immediate importance and there is not a path to gain that scale in entertainment through acquisition. If a deal does happen, it could have massive implications for the entertainment business.

The deal would give Disney control of another movie studio and significant TV production assets, and would give it more exposure to global markets.

Fox reportedly believes they will be more competitive if they focus their properties around news and sports. Disney will get a majority of the company, although the only things Fox is keeping is its news and sports divisions.

At this point, nothing is official regarding the potential deal between Disney and Fox, but now that word is getting around, there's a good chance we'll hear more about it in the near future. It would also have kept its broadcast network and the local broadcast stations it owns. It's also a little frightening, as Disney-Fox would essentially create one Mega Hollywood studio conglomerate, which could make the modern movie going experience even more homogeneous than it already is.

For Disney, buying up Fox's film and TV production assets along with its cable networks would give the company added scale and content as it prepares to launch its own branded streaming service in 2019. A Disney spokesperson did not immediately respond to a request for comment. The Rupert Murdoch-owned Fox broadcast and Fox Sports will remain as they are. But 21st Century Fox wouldn't sell all of its company.

"When asked how much Twenty-First Century Fox's mentioned assets will cost she replied, "$20 billion. Disney climbed 1.9% to 100.55.

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